ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 34
Dividend rate
8%
Shares outstanding
9,000
Dividends in arrears
none
Common stock:
Par value per share
$10
Shares issued
100,000
Dividends paid per share
$2.00
Market price per share
$47
Additional paid-in capital
$480,000
Unappropriated retained earnings (after closing)
$250,000